Marian Wang
Marian Wang was a reporter for ProPublica, covering education and college debt.
Marian Wang was a reporter for ProPublica, covering education and college debt. She joined ProPublica in 2010, first blogging about a variety of accountability issues. Her later stories focused on how rising college costs and the complexity of the student loan system affect students and their families. Prior to coming to ProPublica, she worked at Mother Jones magazine in San Francisco and freelanced for a number of Chicago-based publications, including The Chicago Reporter, an investigative magazine focused on issues of race and poverty.
Governments Increasingly Ask Google for User Data in Criminal Matters
Google has disclosed statistics on government requests for data and for content removal. Next to Brazil, the United States put in the most requests for user data in criminal matters -- 3,580 in the last half of 2009.
by Marian Wang,
SEC Rebuked for Regulatory Failure With Lehman Brothers
The examiner who studied the Lehman collapse tells a congressional panel that regulators failed to protect investors. The examiner, Anton Valukas, says the SEC was clueless about Lehman's use of the accounting manipulations known as Repo 105.
by Marian Wang,
Charges Aside, What About Goldman's Nondisclosure of a Potential Lawsuit?
Goldman Sachs says it was surprised by the SEC's lawsuit against it, but regulators had given the firm notice of that potential last July. Goldman did not pass that information along to investors, though.
by Marian Wang,
Loose Legal Concept Gives Goldman Sachs Grounds to Argue
Financial firms like Goldman Sachs must disclose material information to investors, but what's "material" is an unclear standard that even experts don't agree on. The SEC's suit against Goldman could set a legal precedent.
by Marian Wang,
Goldman Sachs Points to Magnetar Trades in Its Defense
In documents submitted to the SEC last September, Goldman Sachs argued that other banks also hadn’t fully disclosed hedge funds' roles in CDOs. It maintains that not disclosing hedge fund bets against CDOs was “normal business practice.”
by Marian Wang,
Other Major Banks Did Deals Similar to Goldman’s
The SEC's suit against Goldman Sachs faults the firm for failing to tell investors about a hedge fund's role in creating an investment deal. Several other investment banks were doing the same thing in deals they created with the hedge fund Magnetar.
by Marian Wang,